The protein ingredients market is projected to reach USD 58.49 Billion by 2022, growing at a CAGR of 6.0% from 2017, in terms of value. In terms of volume, the market is projected to reach 8,713.7 KT by 2022, at a CAGR of 4.9% from 2017. The objectives of this study are to define, segment, and project the size of the protein ingredients market based on source, application, and region.

To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges.)

To strategically analyze application segments such as food & beverages, animal feed, cosmetics & personal care, and pharmaceuticals, with respect to individual growth trends, future prospects, and their contribution to the total market

To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders

To analyze the macro and micro indicators of this market and provide a factor analysis

To project the size of the market and its submarkets, in terms of value, with respect to four regions (along with their respective key countries): North America, Europe, Asia-Pacific, and Rest of the World (RoW)

To strategically profile key players in the protein ingredients market and comprehensively analyze their market share and core competencies

This report includes the estimation of market size for value (USD billion), and volume (KT). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the protein ingredients market and to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research (the FAO, Bloomberg Businessweek, Factiva, and companies annual reports), and their market share has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

The protein ingredients market is projected to reach USD 58.49 Billion by 2022, at a CAGR of 6.0% from 2017, in terms of value. In terms of volume, the market is projected to reach 8,713.7 KT by 2022, at a CAGR of 4.9% from 2017. The market is growing in accordance with the advancement of the nutritional food & beverage industry. The rise in demand for protein ingredients from industries such as food & beverage, cosmetics & personal care, animal feed, and pharmaceuticals is driving the market.

The food & beverage segment is estimated to lead the protein ingredients market by application. The pharmaceuticals segment is projected to have the highest growth rate during the forecast period followed by the cosmetics & personal care segment.

The animal protein segment dominated the market, by source, owing to its better nutritional profile than plant protein, its dominant usage in major end-use applications such as functional beverages, and difficulty in substituting egg and gelatin in bakery and confectionery applications. Furthermore, growing consumption of livestock products, rising demand from end-consumers for superior personal, and health care products are driving the market for protein ingredients in the animal feed, cosmetics & personal care, and pharmaceutical industries.

The Asia-Pacific region is projected to be the largest market from 2017 to 2022, India being the fastest-growing market in the region. Asia-Pacific is also projected to be the fastest-growing market during the forecast period, due to the rise in awareness among consumers about products with healthy and nutritive ingredients.

The protein ingredients market is concentrated, with leading companies driving market growth. The report provides qualitative analysis of the prominent market players and their preferred development strategies. Key players such as Cargill (U.S.), Archer Daniels Midland Company (ADM) (U.S.), E. I. du Pont de Nemours and Company (U.S.), Kerry Group plc (Ireland), and Omega Protein Corporation (U.S.) have been profiled in the report. These leading players have adopted various strategies such as expansions & investments, mergers & acquisitions, and new product launches to explore new and untapped markets, expanding in local areas of emerging markets, and developing a new customer base for long-term client relationships. This has not only enabled the key players to expand their geographical reach, but has also reinforced their market position by gaining a larger share in terms of revenue and product portfolios.

Small-scale players have also adopted these strategies to expand their businesses, globally, by investing in the establishment of manufacturing facilities and technical service centers in various regions. This inorganic growth strategy enables them to improve their technical expertise through intensive R&D infrastructure offered by bigger players.

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